SteelPeak Wealth LLC Makes New $447,000 Investment in Fair Isaac Co. (NYSE:FICO)

SteelPeak Wealth LLC acquired a new stake in Fair Isaac Co. (NYSE:FICO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 300 shares of the technology company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Fair Isaac by 75.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 441 shares of the technology company’s stock valued at $513,000 after acquiring an additional 189 shares during the period. Cerity Partners LLC increased its position in Fair Isaac by 35.1% during the fourth quarter. Cerity Partners LLC now owns 504 shares of the technology company’s stock worth $587,000 after buying an additional 131 shares during the last quarter. Koshinski Asset Management Inc. increased its position in Fair Isaac by 23.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 295 shares of the technology company’s stock worth $343,000 after buying an additional 56 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Fair Isaac in the fourth quarter valued at approximately $1,746,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Fair Isaac by 6.7% during the 4th quarter. Vontobel Holding Ltd. now owns 898 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fair Isaac Stock Performance

Shares of NYSE FICO opened at $1,733.79 on Friday. The stock has a market capitalization of $42.84 billion, a P/E ratio of 91.00, a PEG ratio of 4.26 and a beta of 1.34. The stock’s fifty day moving average is $1,545.80 and its 200 day moving average is $1,361.78. Fair Isaac Co. has a 52 week low of $811.99 and a 52 week high of $1,818.02.

Fair Isaac announced that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

FICO has been the topic of a number of research analyst reports. Barclays increased their price target on Fair Isaac from $1,500.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their target price on shares of Fair Isaac from $1,264.00 to $1,700.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 price target on the stock. Needham & Company LLC raised their price objective on shares of Fair Isaac from $1,500.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price objective on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Fair Isaac presently has a consensus rating of “Moderate Buy” and an average target price of $1,515.82.

Insider Buying and Selling at Fair Isaac

In other news, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief financial officer now owns 575 shares of the company’s stock, valued at approximately $997,625. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Mark R. Scadina sold 423 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $1,372.12, for a total value of $580,406.76. Following the completion of the transaction, the executive vice president now owns 32,229 shares of the company’s stock, valued at $44,222,055.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven P. Weber sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The disclosure for this sale can be found here. Insiders have sold a total of 25,314 shares of company stock valued at $38,618,138 in the last ninety days. 3.54% of the stock is currently owned by company insiders.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.